Revenue & Spending

Feb 8, 2016

Top 400 Taxpayers See Tax Rates Rise, But There’s More to the Story

As Americans were gathering party supplies to greet the New Year, the Internal Revenue Service released their annual report of cumulative tax data reported on the 400 tax r...

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Feb 4, 2016

Chlorine Bleach Plants Needlessly Endanger 63 Million Americans

Chlorine bleach plants across the U.S. put millions of Americans in danger of a chlorine gas release, a substance so toxic it has been used as a chemical weapon. Greenpeace’s new repo...

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Jan 25, 2016

U.S. Industrial Facilities Reported Fewer Toxic Releases in 2014

The Toxics Release Inventory (TRI) data for 2014 is now available. The good news: total toxic releases by reporting facilities decreased by nearly six percent from 2013 levels. Howe...

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Jan 22, 2016

Methane Causes Climate Change. Here's How the President Plans to Cut Emissions by 40-45 Percent.

UPDATE (Jan. 22, 2016): Today, the Bureau of Land Management (BLM) released its proposed rule to reduce methane emissions...

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Inheritance Tax Renewal to Be Part of "Fiscal Cliff" Discussions

With the federal budget on the precipice of a "fiscal cliff" of pending budget cuts and tax increases that could take place starting Jan. 2 and tip the economy into recession, many budget watchers are waiting on the outcome of this year's elections to determine how to proceed. One issue up for discussion is the renewal of the inheritance tax (also known as the estate tax).

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Simpson-Bowles 2.0

Aug 20, 2012 by Patrick Lester

The leaders of a bipartisan panel that unsuccessfully pushed forward a deficit reduction plan last year are quietly meeting behind the scenes to lay the ground work for another push after the November elections, according to an August 17 report in the National Journal.

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Automatic Defense Cuts No Threat to National Security

Unless Congress acts to undo the $110 billion in automatic, across-the-board spending cuts scheduled to take effect early next year, most federal programs will be cut by about eight percent. These cuts are the unfortunate product of crisis budgeting and will have deleterious impacts on many Americans, but harm to national defense won't be one of them.

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Possible 2013 Budget Cuts to Be Specified Within a Month

Aug 14, 2012 by Patrick Lester

The outlines of a broad set of possible cuts in federal domestic and defense-related programs in early 2013 should become more clear within the next month. Under new legislation signed into law on Aug. 7, called the Sequestration Transparency Act, the Obama administration must lay out how an expected $109 billion in cuts will be implemented in 2013 unless Congress takes action to delay or stop them.

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The Disconnect Between American Voters and Members of Congress

Jul 25, 2012 by Katherine McFate

This afternoon, the Senate voted 51-48 to restore reasonable tax rates on the top two percent of Americans. Ending the Bush tax cuts for households making more than $250,000 would generate almost a trillion dollars in revenue over the next ten years. This revenue could be used to pay down the deficit and build a platform for future growth by investing in education, infrastructure, research, clean energy, and more. With this vote, a majority of senators acknowledged the need for more revenue and for a fairer tax system.

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Senator Credits OMB Watch for Advancing Federal Spending Transparency

During a Senate committee hearing on July 18, Sen. Tom Carper (D-DE) credited OMB Watch with advancing federal spending transparency (click the image at right to watch a clip from the hearing). In particular, Carper (asking a question on behalf of Sen. Susan Collins (R-ME)) noted that OMB Watch was instrumental in getting USAspending.gov off the ground. USAspending.gov provides federal spending data on grants and contracts and was initially based on OMB Watch's FedSpending.org platform. OMB Watch's Craig Jennings and other staff have been key in moving the ball forward on federal spending transparency and pushing for continued improvements to sites like USAspending.gov.

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Next Steps for Spending Transparency Revealed in Senate Hearing

At a Senate committee hearing on July 18, the Obama administration announced that it's putting Treasury payment data online, but members of the committee indicated that the government still has a way to go to establish satisfactory federal spending transparency. A legislative path forward, members suggested, will likely be a modified version of the House-passed Digital Accountability and Transparency Act (DATA Act).

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Treasury Department: We’re Going to Show You the Money

Jul 18, 2012 by Craig Jennings

Testifying before a Senate hearing on federal spending transparency, Richard L. Gregg, the Treasury Department's Fiscal Assistant Secretary, announced a major advancement in federal spending transparency: starting in 2013, the public will be able to see Treasury data on agency expenses and payments to recipients of federal contracts, grants, and loans.

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Student Loan Interest "Fix" Not a Solution to Longer-Term Problems

Just before they left town for the July 4th break, members of Congress finally voted to prevent a doubling of student loan interest rates for one year with mere hours to spare. Unfortunately, they paid for it by reducing other educational programs. If we want an educated workforce in the future, we need more permanent fixes to make college affordable for Americans.

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GAO: New Contractor ID System Needed

When the federal government is handing out thousands of contracts to more than half a million contractors, it's important to have a robust system for tracking the companies that receive each contract. Earlier this month, the Government Accountability Office (GAO) issued a report on the federal government's use of a private, proprietary corporate identification system to track federal contractors and award recipients. Because corporations are continually acquiring new firms and/or merging with others, it is often difficult to keep track of which companies are actually responsible for the work the government has contracted out. The report recommended the government adopt a new approach to tracking this information.

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